MET241227C86000
- 0.05
- 0.000.00%
MetLife Newsroom
MetLife Signs Deal to Acquire Asset Manager PineBridge
KBW Maintains MetLife(MET.US) With Buy Rating, Raises Target Price to $100
Analysts Offer Insights on Financial Companies: Metlife (MET), Evans Bancorp (EVBN) and Discover Financial Services (DFS)
MetLife purchases foreign Assets worth 0.8 billion USD from Pru for expansion: retains mainland Business.
PCCW (00008.HK) Chairman Richard Li's PCCW Solutions is selling Carlyle's assets located outside of China to MetLife Investment Management (MIM) for a cash price of $0.8 billion, with the deal expected to be completed next year. Additionally, based on Carlyle's Financial Indicators for 2025 and subsequent years, the transaction price could reach a maximum of $1.2 billion, approximately 9.3 billion Hong Kong dollars, excluding Carlyle's joint ventures and private equity businesses in China. In response to this transaction, PCCW Solutions indicated that it specifically intends to retain its mainland business and will focus on managing assets through Huatai-PineBridge Fund Management Company.
Financials Up Amid Deal Activity -- Financials Roundup
Top Midday Stories: Nordstrom to Be Taken Private by Founding Family, Mexican Retailer; Honda, Nissan Sign Merger MOU
Express News | Metropolis Group Agrees to Acquire Berry's Assets Outside of China
News Highlights: Top Financial Services News of the Day - Monday at 11 AM ET
According to reports, MetLife (MET.US) will reach an agreement to acquire Li Zeqi's investment in Overseas Assets in China.
According to reports from Bloomberg, the USA's MetLife Insurance Company (MET.US) is about to reach an agreement to acquire PineBridge Investments' assets overseas from Li Zekai's PCCW Group. The report indicates that the two companies are negotiating the details of a trade, with the announcement expected to be made soon. The acquisition is valued at approximately 1.3 billion to 1.4 billion USD.
Sector Update: Financial Stocks Lean Lower Premarket Monday
MetLife Investment Management will acquire PineBridge for up to 1.2 billion dollars.
On December 23, Gelonghui reported that MetLife's subsidiary, MetLife Investment Management (MIM), announced on Monday that it has agreed to acquire the global asset management company PineBridge Investments from Pacific Century Group, with a transaction value of up to 1.2 billion USD. This deal, valued at up to 1.2 billion USD, includes 0.8 billion USD in upfront Cash / Money Market, 0.2 billion USD contingent on the achievement of specific financial targets in 2025, and another 200 million USD linked to multi-year earnings structures. Acquiring PineBridge will also provide
Sector Update: Financial
Express News | MetLife Inc: Deal Expected to Be Neutral to EPS in Year 1 and Accretive Beyond
Express News | MetLife Inc: Deal Excludes Pinebridge's Private Equity Funds Group Business and Its Joint Venture in China
Express News | MetLife Inc: Deal Also Includes $200 Mln Subject to Achieving Certain 2025 Financial Metrics, $200 Mln Subject to Multi-Year Earnout
Express News | MetLife Inc - Transaction Includes $800 Million in Cash at Closing
MetLife Investment Management to Acquire PineBridge Investments
MetLife: PineBridge Is Global Asset Manager With About $100 Billion Assets Under Management >MET
Press Release: MetLife Investment Management to Acquire PineBridge Investments
Investors in MetLife (NYSE:MET) Have Seen Decent Returns of 91% Over the Past Five Years